The Western Union Company (NYSE:WU) saw a significant growth in short interest in December. As of December 29th, there was short interest totalling 49,631,133 shares, a growth of 7.8% from the December 15th total of 46,019,745 shares. Approximately 10.9% of the company’s stock are short sold. Based on an average daily volume of 3,453,818 shares, the short-interest ratio is currently 14.4 days.

The Western Union (WU) opened at $21.12 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. The company has a market cap of $9,700.00, a price-to-earnings ratio of 45.91, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The Western Union has a 1 year low of $18.39 and a 1 year high of $22.23.

The Western Union (NYSE:WU) last posted its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. The Western Union had a net margin of 3.83% and a return on equity of 116.85%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. equities analysts anticipate that The Western Union will post 1.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.31%. The ex-dividend date was Friday, December 15th. The Western Union’s payout ratio is 152.17%.

A number of equities analysts have recently weighed in on the stock. UBS Group raised shares of The Western Union to a “neutral” rating in a research note on Monday, January 8th. ValuEngine raised shares of The Western Union from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 price target on shares of The Western Union in a research note on Thursday, October 12th. Mizuho reaffirmed a “sell” rating and issued a $16.00 price target on shares of The Western Union in a research note on Sunday, October 15th. Finally, Morgan Stanley upped their price target on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The Western Union currently has a consensus rating of “Hold” and a consensus target price of $19.59.

In other news, EVP Jean Claude Farah sold 50,813 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the sale, the executive vice president now owns 152,362 shares in the company, valued at $3,275,783. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amintore Schenkel sold 15,600 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the completion of the transaction, the insider now directly owns 93,694 shares in the company, valued at $2,060,331.06. The disclosure for this sale can be found here. Insiders sold 83,931 shares of company stock valued at $1,794,643 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Capstone Investment Advisors Netherlands B.V. acquired a new position in The Western Union during the second quarter worth $129,000. Pacer Advisors Inc. boosted its holdings in The Western Union by 8.4% during the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock valued at $154,000 after acquiring an additional 627 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in The Western Union during the third quarter valued at about $186,000. Rehmann Capital Advisory Group bought a new stake in The Western Union during the third quarter valued at about $198,000. Finally, Sun Life Financial INC boosted its holdings in The Western Union by 6,764.5% during the second quarter. Sun Life Financial INC now owns 11,395 shares of the credit services provider’s stock valued at $217,000 after acquiring an additional 11,229 shares during the period.

TRADEMARK VIOLATION NOTICE: “The Western Union Company (WU) Short Interest Up 7.8% in December” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/15/the-western-union-company-wu-short-interest-up-7-8-in-december.html.

About The Western Union

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.